Analysis and discussion with Paul Miller of FBR Capital Markets (Bloomberg News)… Mr. Miller says… the whole loans are on the bank’s books at 97-98 cents on the dollar and it’s likely they are worth 70-80 cents… so there will be minimal incentive for the banks to sell at a loss…
Mr. Miller says the choices are either to “nationalize or overpay for the assets…” I vote nationalize…
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